Shanying Paper Guangdong Green Packaging Paper Upgrade Secures RMB 1.05 Billion ADBC Loan
The Sihui Sub-branch of the Agricultural Development Bank of China has recently obtained approval for an RMB 1.05 billion agricultural science and technology loan. The funds will go to Shanying Paper (Guangdong) Co., Ltd.'s high-grade packaging paper cooperative upgrading technical transformation project. This financing is designed to support the company's technological innovation and inject green financial vitality into the environmental recycling economy. The first tranche of RMB 138 million has already been successfully disbursed.
As part of Shanying International Holdings Co., Ltd.'s plan to build a million-tonne papermaking base in Guangdong, the high-grade packaging paper cooperative upgrading technical transformation project advanced by Guangdong Shanying involves total investment of about RMB 2.8 billion. It will add two new production lines, PM52 and PM53, along with supporting facilities including warehouses, treatment stations and waste paper sheds, focusing on yew paper and low-grammage linerboard, which are in high demand in Guangdong. The project aligns with a green circular economy approach: recycled resources such as waste paper and straw are processed into recycled fibers before entering green papermaking production.
After the project is completed and operational, its annual capacity will be 10 times that of the existing PM51 production line, effectively filling the capacity gap in the Guangdong market and driving the development of upstream and downstream industries such as transportation, packaging and printing in surrounding areas, while forming a sound layout for Shanying International Holdings Co., Ltd. to expand in Guangdong. The project also delivers significant social benefits: it is expected to start production in 2022 with annual capacity of 1 million tonnes, equivalent to reducing deforestation by 3 million tonnes per year, contributing positively to waste recycling, the healthy development of the low-carbon economy and harmonious development between manufacturing and nature.
Source note: This article is reprinted from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-378105.html
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